Exploration Update on Reservoir Minerals 100%-Owned Timok Properties

Reservoir Minerals Inc. (TSX VENTURE:RMC)(PINKSHEETS:RVRLF)(BERLIN:9RE)
("Reservoir" or the "Company") is pleased to provide an update on exploration
activities in the Company's 100%-owned Properties in the Timok Magmatic Complex
in Serbia. The Company is budgeting up to $5 million on exploration programs
this year, including systematic geochemical sampling, ground geophysics,
trenching and drilling on the Coka Kupijatra, Tilva Njagra, Nikolicevo and
Kraljevica exploration permits, which cover a combined area of 293.2 square
kilometres. A map showing the locations of these exploration permits is posted
on the Company website (www.reservoirminerals.com).


Dr. Simon Ingram, President and CEO of Reservoir Minerals Inc. commented: "The
proximity of the Nikolicevo and Kraljevica exploration permits to the Bor
copper-gold mining complex and the Cukaru Peki copper-gold discovery, combined
with favourable geology, the lack of any historical drilling, and the
encouraging results from initial Company fieldwork, make this a very exciting
program for us, with potential to discover new porphyry and epithermal
copper-gold targets. Company geologists have integrated their detailed
understanding of the geology of the Bor mining district and the Cukaru Peki
discovery to design an effective exploration campaign to test these permits.
Evaluation of the drilling already completed on the Coka Kupijatra and Tilva
Njagra exploration permits also provides support for the presence of epithermal
gold and porphyry copper-gold mineralisation."


Nikolicevo and Kraljevica Exploration Permits

The Nikolicevo and Kraljevica exploration permits are located in the eastern
Timok. The Nikolicevo exploration permit is adjacent and to the east of the
Brestovac-Metovnica Permit (approximately 5 kilometres east of the Cukaru Peki
discovery) and about 8.5 kilometres southeast of the Bor copper-gold mining
complex. The Kraljevica permit is located on strike to the south of the
Nikolicevo exploration permit.


The underlying geology in both permits includes andesites from the first phase
of volcanism, which are the host rocks to the Cukaru Peki copper-gold
mineralisation in the Brestovac-Metovnica permit, and the volcano-sedimentary
post-mineralization succession all of Upper Cretaceous age and unconformably
overlying Miocene clastic sediments in the east of the permit areas. 


In spite of its proximity to the Cukaru Peki discovery and the Bor mining
district, the Company is not aware of any historical exploration on either of
the permits and there are no records of any previous drilling. There are no
known copper or gold mineral occurrences recorded on either of the permits.


The Company has initiated a fast-track exploration campaign on both permits,
which includes detailed geological mapping, structural analysis, systematic soil
and rock geochemical sampling, ground geophysics (magnetometry, controlled
source magneto-telluric (CSAMT) and induced polarisation (IP)). The initial
results have identified geochemical anomalism (rock chip and soil geochemistry)
and surface indications of copper mineralisation hosted by andesites in a
favourable structural setting and with a distinctive geophysical signature.
Company geologists are now defining targets that will be tested by an initial
3,000 metre drilling campaign this summer.


Coka Kupijatra and Tilva Njagra Exploration Permits

The Coka Kupijatra and Tilva Njagra exploration permits are located in the
western Timok and include basaltic andesites of the second phase of Upper
Cretaceous volcanism, which are characterised by extensive hydrothermal
alteration and epithermal gold and porphyry copper-molybdenum mineralisation.
Occurrences within the permits include the high-sulphidation gold mineralisation
at Coka Frasen, Coka Kupjatra, Beljevina-Kumustaka and Tilva Njagra and the low
sulphidation gold-bearing vein-type mineralisation at Zlace. Historical work by
state-owned agencies and companies in the period 1960 to 1990 focussed on
discovery of copper mineralisation that could add to the resources being
exploited by the state-owned mining company at Bor and Majdenpek.


During 2012 and 2013 Freeport-McMoRan Exploration Corporation ("Freeport"),
independently and without technical support from the Company, undertook a
limited CSAMT survey on the Tilva Njagra permit, and drilled eight wide-spaced
holes at different targets to test for porphyry copper-gold mineralisation in
both the Coka Kupijatra and Tilva Njagra exploration permits. Only selected
intervals in five holes were analysed for copper and other elements by ICP-AES
and for gold by fire assay and AAS and no analyses have been undertaken on core
from three of the holes. Weak copper mineralisation was found in two holes and
low-grade, high-sulphidation gold mineralisation in the near surface sections of
the Kulmea target (FMWC 1201 intersected an average of 0.54 grams per tonne gold
over 41.0 metres (from 0.0 to 41.0 metres) from surface). Maps showing the
location of the exploration permit perimeters, mineral occurrences and drill
holes, and tables with the significant intercepts are presented on the Company
website (www.reservoirminerals.com). 


The Company is carrying out further geochemical analysis on the drill cores.
Logging of the drill core by Company geologists identified extensive zones of
hydrothermal and tectonic breccias in the host andesites, which are moderately
to strongly altered (silicification and argillic) and contain traces of
chalcopyrite. 


The Company has initiated an exploration campaign focussed on discovery of
epithermal and porphyry copper-gold mineralisation on both permits, including
systematic soil and rock geochemical sampling, ground geophysics (magnetometry
and IP), and drilling.


Quality Assurance and Control ("QAQC"):

Drill hole orientations were surveyed at approximately 50 metre intervals. The
core was cut into two equal halves, and sampled over 1 to 3 metre intervals. The
samples were submitted to Eurotest Control EAD Laboratory in Sofia, Bulgaria,
for sample preparation. The prepared samples were analysed for gold by fire
assay at the ALS Chemex laboratories in Rosia Montana, Romania, and by
multi-element ICP at the Eurotest Control EAD Laboratory (ISO 9001:2008 and ISO
17025 accredited) in Sofia, Bulgaria. Twenty-one samples were submitted to
Eurotest Control EAD Laboratory (ISO 9001:2008 and ISO 17025 accredited) in
Sofia, Bulgaria. In addition to the laboratory's internal QAQC procedures,
certified reference materials, blank samples and field duplicate samples were
inserted into the sample batches. The Company has evaluated the analytical
results from the quality control samples and they conform to best practice
standards.


The Timok Project:

The Company's most notable discovery to date is the Cukaru Peki copper-gold
deposit in Serbia, which is part of the Timok Project. The Company announced an
initial resource estimate (65.3 million tonnes at an average grade of 2.6%
copper and 1.5 grams per tonne gold) for the Cukaru Peki copper-gold deposit in
the Brestovac-Metovnica Exploration Permit in News Release, January 27, 2014,
and provided an update on exploration for copper-gold mineralisation in the
Leskovo and Jasikovo-Durlan Potok Exploration Permits in News Release, June 4,
2014. The Timok Project is a joint venture with Freeport-McMoRan Exploration
Corporation ("Freeport") on three exploration permits (Brestovac-Metovnica,
Leskovo and Jasikovo-Durlan Potok) in the Timok Magmatic Complex that cover a
combined area of 245 square kilometres. Maps showing the location of the
exploration permit perimeters and the Cukaru Peki copper-gold deposit are
presented on the Company website (www.reservoirminerals.com).


Qualified Person:

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., a Qualified Person
under National Instrument 43-101 Standards of Disclosure for Mineral Projects of
the Canadian Securities Administrators and a consultant to the Company, has
approved the technical disclosure in this release and verified the data
disclosed.


About the Company:

Reservoir Minerals Inc. is an international mineral exploration and development
company run by a experienced technical and management team, with a portfolio of
precious and base metal exploration properties in Europe and Africa. The Company
operates an exploration partnership business model to leverage its expertise
through to discovery. 


Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization
of Canada accepts responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reservoir Minerals Inc.
Chris MacIntyre
VP Corporate Development
+1.416.703.0010
chris@reservoirminerals.com
www.reservoirminerals.com
Reservoir Minerals Inc. (TSXV:RMC)
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